STMicroelectronics Revised FY23 Revenues Outlook to $17.25B-$17.55B, (From Prior $17.0B- $17.8B) Vs $17.3B Est
Portfolio Pulse from Benzinga Newsdesk
STMicroelectronics has revised its FY23 revenues outlook to $17.25B-$17.55B, from the prior range of $17.0B-$17.8B. The new estimate is in line with the consensus estimate of $17.3B.
July 27, 2023 | 7:35 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
STMicroelectronics' revised FY23 revenue outlook is in line with market expectations, which may not significantly impact the stock price.
STMicroelectronics' revised revenue outlook is within the range of market expectations, suggesting that the market has already priced in this information. Therefore, the impact on the stock price is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100